CIC bullish on developed economies

The China Investment Corporation (CIC) will remain heavily invested in developed markets, despite some regulatory difficulties with investing in the US. Chairman and CEO Ding Xuedong told CNBC his sovereign wealth currently invested more than half of its ¥3.5 trillion ($500 billion) in developed economies, and planned to remain overweight for the foreseeable future.
“This is because we are seeing a strong economic rebound in the US over the past two years and Europe is also in recovery,” he said………………………………………..Full Article: Source